Grab Philippines on Thursday said it has acquired the business operations of Move IT, a local motorcycle taxi solutions provider.
“We concluded a deal to acquire Move It operations in the Philippines,” Ronald Roda, Grab Philippines senior director for Strategy and Operations said.
Roda said Grab will help Move IT further scale its existing motorcycle taxi fleet and improve the efficiency of its platform to help serve more commuters.
Move IT has less than 1,000 driver-partners on its fleet.
Roda said the company is expecting to hire at least 6,000 driver-partners within three months.
Grab Philippines will also work with Move IT to further enhance its safety and service quality standards – to be at-par with Grab’s motorcycle taxi services across Southeast Asia.
MOVE IT will be independently operated using the existing technology and app, and it will continue to comply with the standards set by the DOTr’s Motorcycle Taxi Pilot Program.
Francis Juan will continue to lead MOVE IT in his capacity as Chairman – leveraging his deep knowledge on the motorcycle taxi industry to better address market gaps, and leverage untapped market opportunities.
“Ikinagagalak namin ang suporta at pagtitiwala na ibinigay sa amin ng Grab – ito ay pagpapatunay sa kahusayan ng MOVE IT nitong mga nakaraang taon. At sa panibagong yugtong ito: mas marami pang mga mananakay na lubos na nahihirapan sa pag-cocommute ang ating maseserbisyuhan, mas maraming Pilipino ang ating mabibigyan ng kabuhayan, at mabibigyan natin ang ating mga kababayan ng isang proudly Pinoy motorcycle taxi service na pwede nilang ipagmalaki sa ating mga Southeast Asian neighbors,” Juan said
Grab Philippines Country Head Grace Vera Cruz said, “As we turn a new chapter for our country, Grab Philippines will continue to play an active role in bringing forward the spirit of bayanihan and value-creation – and this milestone that we humbly share with MOVE IT clearly expresses that.
“As one of the first tech platforms who firmly believed in the potential and value of the Philippine market ten years ago, we’re doubling-down on our commitment to outserving the needs of the Filipino people, and we are optimistic that through MOVE IT, we will create more livelihood opportunities, spur greater economic activities, and help improve every Filipino’s daily commute,” she added.